KGHM Polska Miedz (XPRA:KGH) E10: Kč66.94 (As of Mar. 2026)

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XPRA:KGH KGHM Polska Miedz SA XPRA:KGH
76 GF Score
Price Kč2,020.00
GF Value Kč837.50
Valuation Significantly Overvalued
! 9 Warning Signs
View Full Analysis

What is KGHM Polska Miedz E10?

KGHM Polska Miedz XPRA:KGH 76 E10 is Kč66.94 as of Mar. 2026. GuruFocus rates XPRA:KGH with a GF Score™ of 76/100 and a GF Value™ of Kč837.50 (Significantly Overvalued). The stock has 9 warning signs investors should review.

E10 is a concept invented by Prof. Robert Shiller, who uses E10 for his Shiller P/E calculation. E10 is the average of the inflation adjusted earnings of a company over the past 10 years.

KGHM Polska Miedz's adjusted earnings per share data for the three months ended in Mar. 2026 was Kč99.517. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is Kč66.94 for the trailing ten years ended in Mar. 2026.

During the past 12 months, KGHM Polska Miedz's average E10 Growth Rate was 202.30% per year. During the past 3 years, the average E10 Growth Rate was 8.30% per year. During the past 5 years, the average E10 Growth Rate was -6.90% per year. Please click Growth Rate Calculation Example (GuruFocus) to see how GuruFocus calculates Wal-Mart Stores Inc (WMT)'s revenue growth rate. You can apply the same method to get the E10 growth rate using E10 data.

During the past 13 years, the highest 3-Year average E10 Growth Rate of KGHM Polska Miedz was 8.30% per year. The lowest was -25.10% per year. And the median was -13.75% per year.

As of today (2026-08-10), KGHM Polska Miedz's current stock price is Kč2020.00. KGHM Polska Miedz's E10 for the quarter that ended in Mar. 2026 was Kč66.94. KGHM Polska Miedz's Shiller PE Ratio of today is 30.18.

During the past 13 years, the highest Shiller PE Ratio of KGHM Polska Miedz was 75.22. The lowest was 4.50. And the median was 16.47.


KGHM Polska Miedz  (XPRA:KGH) E10 Explanation

If a company grows much fast than inflation, E10 may underestimate the company's earnings power. Shiller PE Ratio can seem to be too high even the actual P/E is low.

For the Shiller P/E, the earnings of the past 10 years are inflation-adjusted and averaged. The result is used for P/E calculation. Since it looks at the average over the last 10 years, the Shiller P/E is also called PE10.

The Shiller P/E was first used by professor Robert Shiller to measure the valuation of the overall market. The same calculation is applied here to individual companies.

KGHM Polska Miedz's Shiller P/E Ratio of today is calculated as

Shiller PE Ratio=Share Price/E10
=2020.00/66.94
=30.18

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

During the past 13 years, the highest Shiller P/E Ratio of KGHM Polska Miedz was 75.22. The lowest was 4.50. And the median was 16.47.


Be Aware

Shiller PE Ratio works better for cyclical companies. It gives you a better idea on the company's real earnings power.


KGHM Polska Miedz E10 Related Terms


KGHM Polska Miedz E10 Historical Data

* Premium members only.

The historical data trend for KGHM Polska Miedz's E10 can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

KGHM Polska Miedz E10 Chart

KGHM Polska Miedz Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
E10
Get a 7-Day Free Trial Premium Member Only Premium Member Only 40.27 37.68 24.59 24.01 56.08

KGHM Polska Miedz Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
E10 Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 23.72 19.93 20.52 56.08 66.94

XPRA:KGH vs SCCO, FCX: E10 Comparison

For the Copper subindustry, KGHM Polska Miedz's Shiller PE Ratio, along with its competitors' market caps and Shiller PE Ratio data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


KGHM Polska Miedz Shiller PE Ratio vs Metals & Mining Industry

For the Metals & Mining industry and Basic Materials sector, KGHM Polska Miedz's Shiller PE Ratio distribution charts can be found below:

* The bar in red indicates where KGHM Polska Miedz's Shiller PE Ratio falls into.


XPRA:KGH
76GF Score
KGHM Polska Miedz SA XPRA:KGH
E10 is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

KGHM Polska Miedz E10 Calculation

E10 is a concept invented by Prof. Robert Shiller, who uses E10 for his Shiller P/E calculation. When we calculate the today's Shiller P/E ratio of a stock, we use today's price divided by E10.

What is E10? How do we calculate E10?

E10 is the average of the inflation adjusted earnings of a company over the past 10 years. Let's use an example to explain.

If we want to calculate the E10 of Wal-Mart (WMT) for Dec. 31, 2010, we need to have the inflation data and the earnings from 2001 through 2010.

We adjusted the earnings of 2001 earnings data with the total inflation from 2001 through 2010 to the equivalent earnings in 2010. If the total inflation from 2001 to 2010 is 40%, and Wal-Mart earned $1 a share in 2001, then the 2001's equivalent earnings in 2010 is $1.4 a share. If Wal-Mart earns $1 again in 2002, and the total inflation from 2002 through 2010 is 35%, then the equivalent 2002 earnings in 2010 is $1.35. So on and so forth, you get the equivalent earnings of past 10 years. Then you add them together and divided the sum by 10 to get E10.

Please note that we use the CPI data of the country/region where the company is headquartered. If the CPI data for that country/region is not available, then we will use the CPI data of the United States as default.

For example, KGHM Polska Miedz's adjusted earnings per share data for the three months ended in Mar. 2026 was:

Adj_EPS= Earnings per Share (Diluted) /CPI of Mar. 2026 (Change)*Current CPI (Mar. 2026)
=99.517/163.0700*163.0700
=99.517

Current CPI (Mar. 2026) = 163.0700.

KGHM Polska Miedz Quarterly Data

per share eps CPI Adj_EPS
201606 3.834 99.552 6.280
201609 9.303 99.064 15.314
201612 -140.903 100.366 -228.932
201703 20.016 101.018 32.311
201706 9.642 101.180 15.540
201709 17.028 101.343 27.400
201712 -2.481 102.564 -3.945
201803 12.404 102.564 19.722
201806 4.849 103.378 7.649
201809 10.262 103.378 16.187
201812 19.283 103.785 30.298
201903 15.562 104.274 24.337
201906 11.784 105.983 18.131
201909 19.622 105.983 30.191
201912 -6.822 107.123 -10.385
202003 19.509 109.076 29.166
202006 0.282 109.402 0.420
202009 13.307 109.320 19.850
202012 17.648 109.565 26.266
202103 38.510 112.658 55.743
202106 66.533 113.960 95.205
202109 29.263 115.588 41.284
202112 39.299 119.088 53.813
202203 53.565 125.031 69.862
202206 64.277 131.705 79.584
202209 30.616 135.531 36.837
202212 -13.927 139.113 -16.325
202303 4.623 145.950 5.165
202306 6.541 147.009 7.256
202309 12.235 146.113 13.655
202312 -127.596 147.741 -140.835
202403 11.953 149.044 13.078
202406 18.325 150.997 19.790
202409 6.766 153.439 7.191
202412 43.810 154.660 46.192
202503 9.303 157.021 9.661
202506 7.048 157.509 7.297
202509 12.235 158.000 12.628
202512 75.441 158.320 77.704
202603 99.517 163.070 99.517

Add all the adjusted EPS together and divide 10 will get our e10.

Frequently Asked Questions Learn more about E10 →
What does a E10 of Kč66.94 mean?
KGHM Polska Miedz (XPRA:KGH) has a E10 of Kč66.94 as of Mar. 2026. E10 represents the company's inflation-adjusted earnings per share over a 10-year period. View historical data on KGHM Polska Miedz and its competitors.
Is KGHM Polska Miedz's E10 too high?
KGHM Polska Miedz's current E10 is Kč66.94. Overall, KGHM Polska Miedz has a GF Score™ of 76/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does KGHM Polska Miedz's E10 compare to SCCO and FCX?
KGHM Polska Miedz's E10 of Kč66.94 can be compared against companies in the Metals & Mining industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good E10 for a Metals & Mining company?
A good E10 depends on the Metals & Mining industry context. However, E10 should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high E10 mean?
A high E10 can signal that a stock is expensive relative to its fundamentals. E10 represents the company's inflation-adjusted earnings per share over a 10-year period. View historical data on KGHM Polska Miedz and its competitors. KGHM Polska Miedz's current E10 is Kč66.94. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is KGHM Polska Miedz stock overvalued right now?
Based on GuruFocus' analysis, KGHM Polska Miedz (XPRA:KGH) is currently considered Significantly Overvalued. The stock's GF Value™ is Kč837.50, compared to a current price of Kč2,020.00 — trading 141.2% above its estimated fair value. The current E10 is Kč66.94. KGHM Polska Miedz's overall GF Score™ is 76/100 with 9 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is E10 calculated?
E10 is calculated from a company's financial statements. For KGHM Polska Miedz (XPRA:KGH), the current E10 is Kč66.94 as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is KGHM Polska Miedz (XPRA:KGH) Overvalued in 2026?

Based on GuruFocus' analysis, KGHM Polska Miedz stock appears to be overvalued. The current stock price of Kč2,020.00 is trading 141.2% above its estimated GF Value™ of Kč837.50. GuruFocus considers KGHM Polska Miedz to be Significantly Overvalued.

Key valuation signals for XPRA:KGH:

  • E10: Kč66.94
  • GF Value™: Kč837.50 vs. price of Kč2,020.00 (141.2% above fair value)
  • GF Score™: 76/100 with 9 warning signs

No single metric tells the full story. See the XPRA:KGH stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


KGHM Polska Miedz Business Description

Address 48 M.Sklodowskiej-Curie Street, Lubin, POL, 59-301
KGHM Polska Miedz SA engages in copper ore mining and copper production predominantly in South-Western Poland. The company also produces precious metals such as silver, which is typically used for coins, jewelry, photography products, and industrial purposes. The bulk of group revenue is generated through copper sales, and the remainder is through sales of silver, while a minor portion is generated through the production of gold, salt, and casting of light metals. The materials are sold domestically, and exported to Germany, China, the U.S., the United Kingdom, and the Czech Republic, among many other European nations.
76GF Score

Get the complete analysis for XPRA:KGH

E10 is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

Kč2,020.00
Price
Kč837.50
GF Value